AUDUSD Daily Analysis – November 14, 2017

AUDUSD broke below 0.7624 support, indicating that the downtrend from 0.7897 has resumed. Further decline could be expected in the coming days, and next target would be at 0.7500 area. Near term resistance is at 0.7670, only break above this level could take price back to test 0.7729 resistance. Above this level could trigger further upside movement to 0.7800 area.

AUDUSD 4-hour chart